Bill Type
Congress Name
Long Title
AN ACT AUTOMATICALLY ASSIGNING TO GOVERNMENT INSURANCE PROCEEDS OF CORPORATIONS UNDERTAKING INDUSTRIAL PROJECTS WHENEVER MAJOR ACCIDENT, DISASTER OR CATASTROPHIC EVENT OCCURS INVOLVING THEIR INDUSTRIAL PROJECT CAUSING DAMAGE TO PERSONS, PROPERTY, AND ENVIRONMENT
Date filed
July 26, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB01404 |
| FULL TITLE : AN ACT AUTOMATICALLY ASSIGNING TO GOVERNMENT INSURANCE PROCEEDS OF CORPORATIONS UNDERTAKING INDUSTRIAL PROJECTS WHENEVER MAJOR ACCIDENT, DISASTER OR CATASTROPHIC EVENT OCCURS INVOLVING THEIR INDUSTRIAL PROJECT CAUSING DAMAGE TO PERSONS, PROPERTY, AND ENVIRONMENT |
| SHORT TITLE : "Industrial Disaster Insurance Act of 2005" |
| ABSTRACT : "Industrial Disaster Insurance Act of 2005". The bill provides for the automatic assignment to the government of the insurance proceeds paid to corporations should a catastrophic event or accident occur causing grave damage to persons, property or environment. In this manner, the government can be assured that compensation for the damage caused will be indemnified. |
| PRINCIPAL AUTHOR/S : REYES, CARMENCITA O. |
| DATE FILED : 2007-07-26 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Under deliberation by the Mother Committee on 2008-09-03 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON ECOLOGY ON 2007-08-07 |
Abstract
"Industrial Disaster Insurance Act of 2005". The bill provides for the automatic assignment to the government of the insurance proceeds paid to corporations should a catastrophic event or accident occur causing grave damage to persons, property or environment. In this manner, the government can be assured that compensation for the damage caused will be indemnified.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.